Millions of taxpayers face paying more income tax due to frozen tax allowances. We explain how income tax is calculated.

HRA is a major component that can tilt the balance in favour of the old tax regime. The income tax rules specify ... whether they meet these conditions before deciding on their tax regime for ...

What if someone earning above Rs 12.75 lakh annually chooses the old regime and claims the maximum deductions? Will it result ...

The full New State Pension is set to rise in April, but this could push some pensioners above the threshold for paying tax ...

Amidst the 2024 tax season, if you're keeping an eye on your taxes for next year, you're still keenly interested in what your ...

The Lagos State Internal Revenue Service (LIRS) has confirmed the provision of free West African Examinations Council (WAEC).

The earned income tax credit reduces poverty by supplementing the earnings of low-wage workers. Before the pandemic, the EITC combined with the child tax credit helped lift 10.6 million people ...

The amount you pay the IRS each year is determined by your tax bracket. That, in turn, is based on your taxable income and filing ... between 1% to 10% of your annual salary, but the limit is ...

A lot of people get excited to retire and start collecting Social Security. And why shouldn’t they be? After years of paying ...

Gov. Kim Reynolds testified on Iowa's state government overhaul that U.S. House Democrats contrasted to DOGE efforts led by Elon Musk.

For emergency care, make sure a bill complies with the No Surprises Act. That law requires that patients receive in-network ...

The best and easiest way to apply for your benefits is with a personal my Social Security account. You can create your free account at www.ssa.gov/myaccount. Once you create your account, you can get ...